Zydus Animal Health buyout catapults Multiples into the big league

Last week, a consortium led by domestic private equity company Multiples Alternate Asset Management pulled off one of its largest deals by buying out Zydus Animal Health and Investments — the second largest player in this space — for Rs 2,921 crore. (Zydus Healthcare was a fully-owned subsidiary of Cadila Healthcare.)   This one deal has catapulted Multiples into the big league among home-grown PE firms. Multiples will finance the deal through its third — and largest — fund-raising round of $700 million that is expected to be closed soon. Talks are on fo.....

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